Cheapest Online Brokers UK

There are a number of things to consider when choosing a stockbroker. First, you should choose one regulated by the FCA (Financial Conduct Authority), which guarantees safety and compliance. Next, you should check the fees for trading stocks. You should also look at the investment selection, educational tools and customer support.

The best Cheapest Online Brokers UK offer low fees, a user-friendly interface and extensive research tools. Some brokers also provide educational resources and a free demo account that allows you to practice your skills without risking real money. Some even allow you to trade with a mobile app or robo-traders, which are computer algorithms that automatically make trades on your behalf. There are also a number of discretionary stockbrokers, which are managed by professional traders and invest your money on your behalf.

Many UK online brokers also offer a variety of other financial services, such as currency trading and CFDs. These firms can help you save on international exchange rates and avoid paying commissions for UK shares.

Compare the Best Trading Apps for UK Investors

The top online UK brokers are Hargreaves Lansdown, Interactive Investor and IG. All three are regulated by the FCA, and they each offer low trading costs, a range of investment options and excellent customer service. IG offers the lowest fees for share dealing, with a flat rate of PS8 per trade. Its focus on user experience and asset variety makes it a favourite amongst Good Money Guide readers.